Business

  • Wall St. looks to Fed outlook Wednesday for early Christmas gift

    NEW YORK (Reuters) – Investors are eager for a touch of Christmas cheer from the U.S. Federal Reserve next week, hoping for signs the central bank may ease up on interest rate hikes next year…

  • China should free Canadians held after Huawei arrest, U.S.’s Pompeo says

    WASHINGTON/OTTAWA (Reuters) – U.S. Secretary of State Mike Pompeo said on Friday China should free two Canadian citizens who were detained this week after authorities in Canada arrested a senior Chinese technology executive on a…

  • Wall St. tumbles on global growth worries, J&J decline

    (Reuters) – Wall Street’s three major indexes tumbled on Friday and the Dow confirmed a correction as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson shares…

  • U.S. core retail sales accelerate in November

    WASHINGTON (Reuters) – U.S. consumer spending gathered momentum in November as households bought furniture, electronics and a range of other goods, which could further allay fears of a significant slowdown in the economy. FILE PHOTO:…

  • Deutsche Telekom reviews vendors in light of China security debate

    FILE PHOTO: The logo of German telecommunications giant Deutsche Telekom AG is seen at the company’s headquarters in Bonn February 25, 2016. REUTERS/Wolfgang Rattay FRANKFURT (Reuters) – Deutsche Telekom, Europe’s largest telecoms company, said late…

  • Costco misses quarterly sales estimates

    Shopping carts are seen at a Costco Wholesale store in Glenview, Illinois, U.S. May 24, 2016. REUTERS/Jim Young/File Photo (Reuters) – Costco Wholesale Corp (COST.O) on Thursday reported quarterly revenue below Wall Street estimates, as…

  • U.S. weekly jobless claims near 49-year low; import prices fall

    WASHINGTON (Reuters) – The number of Americans filing applications for jobless benefits tumbled to near 49-year lows last week, which could ease concerns about a slowdown in the labor market and economy. A container ship…

  • Vitol, rival oil traders in spotlight of Brazil bribery probe

    SAO PAULO/LONDON (Reuters) – Brazil’s epic “Car Wash” corruption investigation has taken down presidents and elite businessmen, and led to the largest corporate leniency deal ever signed. FILE PHOTO: Protesters display a banner and posters…

  • China’s Tencent Music debut strikes a chord with investors

    (Reuters) – Shares of China-based music streaming company Tencent Music Entertainment Group TME.N rose in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming…

  • Wall Street set for strong open on Trump’s upbeat trade comments

    (Reuters) – U.S. stock futures jumped 0.9 percent on Wednesday, joining a global equities rally, as President Donald Trump’s encouraging comments fueled optimism over trade negotiations between the United States and China. Traders work on…

  • Former Malaysian PM Najib, 1MDB ex-CEO face fresh corruption charges

    KUALA LUMPUR (Reuters) – Malaysian prosecutors on Wednesday filed new graft charges against former prime minister Najib Razak and the former chief executive of scandal-linked state fund 1MDB, in the latest cases over alleged theft…

  • China detains former Canadian diplomat as Huawei CFO returns to court

    VANCOUVER/BEIJING (Reuters) – Canada confirmed on Tuesday that one of its citizens was detained in China but said it saw no explicit connection to the arrest in Vancouver of a top executive at Chinese telecoms…

  • Morrisons shares rise on takeover chatter

    Shopping trolleys are seen at a Morrisons supermarket in London January 9, 2014. REUTERS/Stefan Wermuth LONDON (Reuters) – WM Morrisons (MRW.L) shares jumped on Tuesday as traders cited market rumors that the UK supermarket chain…

  • Trade hopes support China, sterling totters on Brexit woes

    SYDNEY (Reuters) – Chinese shares pulled ahead on Tuesday after Beijing confirmed it was still in trade talks with the United States, though overall sentiment remained fragile in Asia as the pound wallowed near 20-month…

  • Global stock decline on growth, Brexit worries; Wall St. gains

    NEW YORK (Reuters) – A gauge of global equities stumbled on Monday, as losses in Europe and Asia extended to Wall Street on new signs world economic growth was being curbed by the U.S.-China trade…

  • China says it has never heard of any country having security problem with Huawei

    FILE PHOTO: A man walks past a sign board of Huawei at CES (Consumer Electronics Show) Asia 2018 in Shanghai, China June 14, 2018. REUTERS/Aly Song/File Photo BEIJING (Reuters) – China’s foreign ministry on Monday…

  • Global stocks extend slump as global growth worries mount

    TOKYO (Reuters) – Global stocks extended their slump on Monday, with U.S. equity futures and Asian shares sliding on worries over slowing growth and fears that a fresh flare-up in tensions between Washington and Beijing…

  • U.S. says March 1 ‘hard deadline’ for trade deal with China

    FILE PHOTO: U.S. Trade Representative Robert Lighthizer speaks during a Cabinet meeting held by U.S. President Donald Trump at the White House in Washington, U.S., October 17, 2018. REUTERS/Kevin Lamarque/File Photo WASHINGTON (Reuters) – U.S.…

  • Volkswagen denies allegations chairman knew early about emissions cheating: report

    FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) has denied allegations that Chairman Hans Dieter Poetsch knew about the carmaker’s emissions test cheating almost three months before U.S. authorities made it public in September 2015. FILE PHOTO: Hans…

  • Exclusive: Odebrecht Peru agrees to plea deal with Peruvian authorities over bribery scandal – sources

    (Reuters) – Brazilian builder Odebrecht’s Peruvian unit has signed a deal with Peruvian authorities to pay a multimillion dollar fine that will allow it to continue operating in the country in return for providing evidence…

  • China calls on Canada to free Huawei CFO or face consequences

    BEIJING (Reuters) – China warned Canada on Saturday that there would be severe consequences if it did not immediately release Huawei Technologies Co Ltd’s [HWT.UL] chief financial officer, calling the case “extremely nasty”. FILE PHOTO:…

  • China’s November export, import growth shrinks, showing weak demand

    BEIJING (Reuters) – China reported far weaker than expected November exports and imports, showing slower global and domestic demand and raising the possibility authorities will take more measures to keep the country’s growth rate from…

  • Uber makes confidential filing for long-awaited IPO

    NEW YORK/SAN FRANCISCO, (Reuters) – Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one…

  • U.S. wants Huawei CFO to face charges over Iran sanctions, court hears

    VANCOUVER/TORONTO (Reuters) – U.S. prosecutors want a top executive of China’s Huawei Technologies Co Ltd [HWT.UL], the world’s largest supplier of telecommunications network equipment, to face charges of fraud linked to the skirting of Iran…

  • Huawei CFO to appear in Canada court as Chinese media slam arrest

    VANCOUVER/TORONTO (Reuters) – A top executive of China’s Huawei Technologies Co Ltd who is under arrest in Canada is set to appear in a Vancouver court on Friday for a bail hearing as she awaits…

  • Carlos Ghosn, Nissan Motor to be indicted Monday: Nikkei

    TOKYO (Reuters) – Tokyo prosecutors plan to indict former Nissan Motor Co Ltd (7201.T) Chairman Carlos Ghosn on Monday for financial misconduct, the Nikkei business daily reported, ratcheting up their case against the auto tycoon.…

  • Ride-hail firm Lyft races to leave Uber behind in IPO chase

    (Reuters) – Ride-hailing company Lyft Inc beat bigger rival Uber Technologies in filing for an initial public offering (IPO) on Thursday, defying the market jitters that threaten to upset a string of technology unicorns from…

  • Fed up with Facebook, U.S. fund managers look for alternatives

    NEW YORK (Reuters) – Facebook Inc’s (FB.O) losses are becoming other companies’ gains. A 3D-printed Facebook logo is seen in front of a displayed stock graph in this illustration taken November 3, 2016. REUTERS/Dado Ruvic/Illustration…

  • China telecoms giant Huawei CFO arrested in Canada

    VANCOUVER/WASHINGTON (Reuters) – Canada has arrested Chinese telecoms giant Huawei’s global chief financial officer in Vancouver, where she is facing extradition to the United States, Canada’s Department of Justice said on Wednesday. The arrest is…

  • Stocks battered by Wall Street, fears of U.S. slowdown

    NEW YORK (Reuters) – Global stocks fell on Wednesday, plagued by a flattening yield curve that sparked concerns about a economic slowdown in the United States and weakening expectations of a lasting U.S.-China trade truce,…

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